GST effect: Mumbai trans-harbour link bids will come down by 6%

The 22-km MTHL will link Mumbai and Navi Mumbai through sea, connecting the city to the Navi Mumbai International Airport.

The construction of the link has been divided into three parts. The first two packages are for the sea-bridge, while the third is for the construction of a road up to Chirle in Raigad district.(FILE)

The revision in goods and services tax (GST) for construction work from 18% to 12% is likely to bring down the bid amount for the Mumbai Trans-Harbour Link (MTHL) project from Rs14,264 crore to Rs13,400 crore, say MMRDA officials.

The 22-km MTHL will link Mumbai and Navi Mumbai through sea, connecting the city to the Navi Mumbai International Airport.

The construction of the link has been divided into three parts. The first two packages are for the sea-bridge, while the third is for the construction of a road up to Chirle in Raigad district.

The Mumbai Metropolitan Region Development Authority (MMRDA) had estimated the civic construction cost for all three packages at Rs14,137 crore. The lowest bid for the three packages was Rs14,264 crore, according to MMRDA data.